Word: kerzner
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Spending Where it Counts Re Inbox Dec. 22: Sol Kerzner, along with other South African hoteliers, donated a large sum to kick-start the fund for a new hotel school at the University of Johannesburg. Without this the school probably would not exist today. After the tragic death of Sol's son, the family started the Butch Kerzner memorial bursary fund for underprivileged gifted children to study in the hospitality industry. This will fund up to 10 children's studies next year. Beside all this is the example Kerzner has set for others to grow our industry. Henk Bredenoord...
Spending Where It Counts Sol Kerzner is reported as having spent some $20 million on an extravaganza to open his Atlantis resort in Dubai, to which he invited the very rich and famous [Dec. 1]. Yet in his own home town of Johannesburg where, as in the rest of South Africa, over half the population is under 25 and many are AIDS orphans, this generation - and the next - faces widespread unemployment, a struggle for education in derelict and under-resourced schools, and homelessness in an environment riddled with crime. The challenge goes out to Kerzner to put an equivalent...
...Even better, Kerzner and bin Sulayem think, would be to make piles of money together in times that are looking increasingly difficult for tourism. They plan to open other major resorts in Morocco, Zanzibar and South Africa in the coming year or so, although a deal with MGM Mirage to launch a major new casino project on the Las Vegas Strip is being put on hold at least until the credit squeeze eases up. "It's been quite challenging," Kerzner says. "We continue to do reasonable business but there's no question the marketplace has taken...
...next icon. Workmen managed to repair most of the damage in time, but then the Atlantis was hit by "Free Sammy" campaigners demanding the release from the aquarium of a 13 ft.-long whale shark on the grounds that it was a member of a vulnerable species; a Kerzner spokesman says the young fish will be released into the Gulf soon. All that is on top of Kerzner's personal woes. In the last two years, he has undergone a triple heart bypass, done a stint for alcoholism at the Betty Ford clinic, and lost his son and heir...
...With the unflappable demeanor of a street kid turned globe-conquering billionaire who's seen it all, Kerzner remains optimistic. While refusing to divulge specifics, he says that bookings for the Atlantis are strong. He believes that even without gambling, the Atlantis is a natural draw for holidaymakers coming from Europe and Asia as well as the Middle East itself; Dubai does not forbid alcohol as most of its Muslim neighbors do. Yet Kerzner places his greatest hopes in his long-term dealings with his Arab associates. "This is probably the finest partnership I have experienced, and I've been...